So I saw this this morning, http://finance.yahoo.com/banking-budgeting/article/110946/worst-credit-card?mod=bb-creditcards, discussing secured credit cards. At the bottom it mentions a Citi secured credit card that is secured by a deposit into an 18 month CD that earns 4.07%. Even with a $29/yr fee, that's a great rate.

TheKa said: So I saw this this morning, http://finance.yahoo.com/banking-budgeting/article/110946/worst-... discussing secured credit cards. At the bottom it mentions a Citi secured credit card that is secured by a deposit into an 18 month CD that earns 4.07%. Even with a $29/yr fee, that's a great rate.It's been listed in the quick summary for at least half a year (I updated it on 9/27).

Funny that you just asked about the early withdrawl, because that's what I was just coming here to post about. Do we want some way to indicate in this thread that a longer term CD is a good value even if you close it early? Myself, I just invested in the 7 year penfed CD. The early closure penalty on this CD is 365 days of interest. By my calculations, that makes this CD effectively:

Sounds about right for the early withdrawal from penfed CDs. That's why I reserved the 10-yr CDs at 5% a couple of months back. After 1 yr interest penalty for breaking the CD early, it was looking like this:

Justice FCU (www.jfcu.org) has a 45 days CD for 7.5% interest, $500 minimum $25K maximum. JFCU is supposedly for law enforcements and DOJ people, but also covers contractors, families, etc... This is a anniversary special rate for new money only and not sure when it ends (so the sooner the better).

ck90211 said: Justice FCU (www.jfcu.org) has a 45 days CD for 7.5% interest, $500 minimum $25K maximum. JFCU is supposedly for law enforcements and DOJ people, but also covers contractors, families, etc... This is a anniversary special rate for new money only and not sure when it ends (so the sooner the better).

I know it's easy to forget the focus of a thread when it seems to want to go on forever. So, I wanted to drop in a quick reminder: This thread is for rates only. For further commentary and conversation, we have a dedicated discussion thread. And thanks everyone for keeping this thread up to date.

THE GOOD: can open online, can join the following association as part of the application process:Northern Virginia Athletic Directors, Administrators, and Coaches Association

THE BAD: penalty for early withdrawal is steep at 1095 days of interest

I have a 60-month certificate with them. The early withdrawal penalty for 25-60 month certificates is 180 days. 0-24 months is 90 days, and 61+ months is the 1095 days. The maximum penalty in all cases is earnings-to-date.

BTW, I recently received a notice from Apple that says the Certificate Penalty schedule changes on March 1, to the following. Some of the early-withdrawal penalties stay essentially the same (including for the 60-month), while others get either better or worse:

Term Up to 6 months: Dividends earned up to 90 days7-60 months: Dividends earned up to 180 days > 60 months: Dividends earned up to 365 days

iLoveTahoe said: Updated the yields for all the 5 year CDs.Possible good news... while most of the yields were unchanged... of those that did change - more went UP than down.First time I've seen that in a looong time. Sovereign bank 5 yr CD is @2.80%. Available nationwide.

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